Vela Software acquires Pace Software Inc., a business providing order, inventory and customer management solutions for automotive service and repair centers.
Deerfield, IL, USA – June 26, 2018 – Vela Software acquires Pace Software Inc., a business providing order, inventory and customer management solutions for automotive service and repair centers.
Jacksonville, FL-based Pace is a leading provider of shop management solutions for automotive service and repair centers. The Yes Management™ solutions help single and multi-location automotive shops grow faster by integrating critical workflow functions from counter to repair bay to inventory and back office.
Following the acquisition, Pace Software, Inc. will operate as Pace Software, LTD., an independent division of Fog Software. The company will continue to develop, enhance, service, and support their industry-leading Yes Management solutions in providing a competitive edge to customers.
“Pace Software is complementary to our growing portfolio of retail and automotive offerings and brings added depth to our automotive market offerings,” said Mark Thompson, Chief Executive Officer of Fog Software Group. “Pace’s Yes Management solution shows our continued commitment to meeting the needs of today’s tire and automotive service centers.”
“Our acquisition by Fog Software Group is a strong endorsement of the Pace Software team and our commitment of innovation and service to the automotive repair industry for over three decades,” said Rick Spahn, Founder and President of Pace Software. “We’re really looking forward to this next phase of Pace’s journey and the very positive impact that the Fog Software Group backing will have on our services and products.”
Vela Software is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation, Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position.
About Fog Software Group
Deerfield, IL-based Fog Software Group is a division of Toronto-based Vela Software and Constellation Software, Inc. [TSX:CSU]. The companies acquire, manage, and build software companies in a variety of vertical markets. By helping their acquired companies improve operations, grow through organic initiatives, and seek additional acquisitions that can strengthen their market position, their portfolio companies become clear leaders in their industries.
About Pace Software
Jacksonville, FL-based Pace Software, Inc. provides essential order, inventory and customer
management solutions that integrate easily with parts-house ordering, driving efficiency, productivity, insight and growth for automotive service and repair centers.